Non audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 November 2013
Dear Sir,
I have recieved Rs. 8,59,600 annualy from commission.Shall I calculate 8% of the recieved amount as net profit? Kindly tell me if you have time.
benjamin
I have recieved Rs. 8,59,600 annualy from commission.Shall I calculate 8% of the recieved amount as net profit? Kindly tell me if you have time.
benjamin
25 November 2013
Dear Benjamin,
commission income is not covered under 44AD. you need to file income under normal provisions.
commission income is not covered under 44AD. you need to file income under normal provisions.
25 November 2013
Dear Benjamin,
commission income is not covered under 44AD. you need to file income under normal provisions.
commission income is not covered under 44AD. you need to file income under normal provisions.
26 November 2013
Sec 44AD is not useful for commision based income as Finance act 2012 has stated that sec 44AD cannot be invoked for commision business,,,file itr-4 with total income under normal income tax provision.
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